FRAMINGHAM, Mass. — (BUSINESS WIRE) — February 21, 2014 —
Most regional markets posted year-over-year growth during the fourth
quarter of 2013 (4Q13), leading to a 4.1% over-year-year increase in the
worldwide large format printer (LFP) market, according to the
International Data Corporation (
IDC)
Worldwide
Quarterly Large Format Printer Tracker. Overall shipments in the
worldwide large format market grew to 82,000 units in 4Q13, an increase
of 4,000 units from the third quarter. Both mature and emerging markets
had positive year-over-year growth in 4Q13, at 3.6% and 4.8%
respectively. Despite experiencing a strong second half, the global
market finished the full year 2013 with a year-over-year decline of
-1.7% in unit shipments.

"There are multiple growth opportunities in this market. For instance,
improved speeds and image quality can boost aqueous sales into the
technical space. Latex ink-based products will be a growth driver as
well. Vendors are touting lower power consumption of this technology,
and the ability to print white ink accesses applications that use
transparent media," said
Phuong
Hang, Program Director, Worldwide Large Format Printer Tracker.

Technology Highlights

Shipments of technical printers had their third consecutive quarter of
growth in 4Q13, increasing 6.9% year over year. Technical remained the
larger application segment with 49,500 units shipped and a 60% share
of the total LFP market in the fourth quarter, up from 59% a year
earlier. Mature markets grew by 8.4% in the quarter. For all of 2013,
technical shipments increased 4.6% year over year to 110,800 units.

Shipments in graphics applications were flat compared to a year ago.
With 32,500 units shipped, this segment accounted for 40% of the
overall market, down 1 point from a year ago. Emerging markets enjoyed
4.8% year-over-year increase while mature markets declined -3.2%
year-over-year.

Vendor Highlights

HP grew 3.9% year-over-over to 32,801 units shipped, resulting
in 40.0% share, essentially unchanged from a year ago. HP remains the
market leader in its traditional area of strength, the technical
market, with more than double the share of its next competitor, Canon.
HP also held its second place position in the graphics market,
trailing market leader Epson.

Canon climbed one spot from last quarter to become the number 2
vendor in the worldwide large format printers market. Canon grew 8.5%
year over year to 18,247 units shipped and a 22.3% share. Canon's
shipments grew year-over-year in both technical and graphics segments.
Canon finished the full year 2013 with 7.5% year-over-year growth.

Epson took the number 3 position in the global LFP market with
20.2% share, down 1 point from a year ago. The vendor declined -1.1%
year over year to 16,577 units shipped. Epson ranked third in the
overall technical market and continued as the leader of the graphics
applications segment, with more than double the share of the next
competitor, HP. The vendor declined -4.5% year over year for full year
2013.

Roland solidified its position as the number 4 vendor in the
worldwide large format printers market by growing 17.2% year over year
in 4Q13, resulting in 3.7% share and 3,009 units shipped. Roland's
strength is the graphics market, in which it held fourth place
worldwide, unchanged from a year earlier. The vendor posted a 13.6%
year over year increase for the full year 2013.

Ricoh rounded out the top 5 vendors with 2.6% share in the
overall LFP market. The vendor enjoyed significant year-over-year
growth of 41.8% to 2,126 units shipped in the quarter. The technical
segment remained Ricoh's main focus as the vendor does not have any
shipments in the graphics market. Ricoh enjoyed year-over-year growth
in all four quarters of 2013, bringing its full year result to a 24.2%
increase. This is Ricoh's third consecutive year of market growth.